UBank

Since 2007, UBank has been providing Australians with a wide range of banking products, including home and car loans and savings and transaction accounts. UBank makes applying for a home loan fast and simple with 24 hour a day customer support. UBank is an online-only lender which is backed by NAB.

WHO IS IT FOR?

UBank products are suitable for full-time employees who have a good deposit saved and are looking to buy (or refinance) an established property.

Since UBank is an online bank, most of the interaction with them is electronic. Therefore, you should be comfortable with completing your application and sending through your documentation using online means, rather than visiting a branch. The fact that UBank is a branch-free bank means their overheads are lower, and that rolls down to their products. If avoiding fees and getting the best rate is your highest priority (rather than product features and face to face service) then UBank is a lender worth considering.

Frequently asked questions about UBank

UBank has won numerous awards, including Money Magazine’s “Best of the Best” award, the BAI Financial Global Product Innovation Award for its refinance mortgage UHomeloan, and the 2012 Australian Lending Award for Best Online Operator. Home loan customers can contact UBank 24 hours a day by calling the customer support hotline (1300 822 630) or by using Skype.

UBank Home Loans

UBank UHomeLoan Loan

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You don’t have to leave home to apply for a home loan from UBank. Stay in and complete the UBank UHomeLoan application entirely online, knowing UBank will keep you in the loop throughout the entire process.

How to Apply

Customers wanting to apply for a UBank loan can apply by filling out an online application form or by calling the bank. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

Name and contact details of each borrower.

Proof of income and employment.

List of income and expenses including credit card loans and car loans.

Property details like the contract of sale.

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